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SBI signed MoU with Kendriya Sainik Board

Published on December 10, 2021
Current Context: The State Bank of India (SBI) has signed an MoU with the Kendriya Sainik Board.
SBI signed MoU with Kendriya Sainik Board
  • The MoU was signed to grant support and education to the children of war veterans, ex-servicemen, and war widows.
  • Under the MoU, SBI will provide Rs 1,000 per month to 8,333 war veterans’.
  • In this regard, the SBI has granted Rs 10 crores to the Armed Forces Flag Day Fund.
  • Static Part: 
    • HQ of SBI: Mumbai
    • Chairperson of SBI: Dinesh Kumar Khara

Question: 

Q.1 Which bank signed MoU with the Kendriya Sainik Board to support and educate children of war veterans, ex-servicemen, and war widows?
a. IDFC First Bank
b. State Bank of India
c. Bank of Maharashtra
d. Bank of Baroda
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